Crude oil

Crude Oil

Mexico’s Pemex Increased Crude Shipments to Cuba in 2024, Filing Shows

Mexican state oil company Pemex significantly increased its crude oil exports to Cuba in 2024, boosting shipments by nearly 20%, according to a company filing r…

Crude Oil

Norway Parliament Orders Restart to Frontier Oil and Gas Exploration Licensing

On Tuesday, the Norwegian parliament directed the Labour minority government to initiate a new licensing round for oil and gas exploration in frontier areas, pa…

Crude Oil

With Brazilian Oil Project Approved, BW Energy Sets Sights on Doubling Output by 2028

BW Energy, an Oslo-listed oil and gas exploration and production company, has approved the final investment decision for the Maromba field development in the Ca…

Coal Production

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands

On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th…

Crude Oil

Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output

Petrobras, Brazil’s state-run oil company, reported its first-quarter production results, achieving a daily output of 2.77 million barrels of oil equivale…

Crude Oil

Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease

Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns wi…

Crude Oil

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…

Crude Oil

USA Crude Oil Inventories Rise Week on Week

The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR…

Crude Oil

US Eases Downhole Commingling Policy to Boost Oil Production

The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro…

Crude Oil

Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd

Guyana’s oil production in March 2025 dropped by about 3% to 627,000 barrels per day (bpd) from the previous month, according to data from the country&rsq…

Crude Oil

SINOPEC Launches Training Program for Over 800 Ugandans

SINOPEC, a Chinese company tasked with constructing Uganda’s Central Processing Facility (CPF), launched a training program on Wednesday to enhance the sk…

Crude Oil

Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry

Venezuela will launch exports of a new medium crude blend, Blend 22, this month from its Western fields, aiming to maintain oil revenue as U.S. licenses for its…

Crude Oil

Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields

French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor…

Crude Oil

MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana

MODEC, a global leader in offshore floating solutions, has secured a contract from ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offl…

Crude Oil

Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project

Chevron, a U.S.-based energy company, and TotalEnergies, headquartered in France, have initiated oil and gas production at the Ballymore deepwater project in th…